Insights on the Semiconductor Memory Global Market to 2026 – Featuring Samsung Electronics, Taiwan Semiconductor and Micron Technology Among Others | News

DUBLIN, May 6, 2021 /PRNewswire/ — The “Global Semiconductor Memory Market, By Type (Volatile and Non-Volatile), By Volatile Type (DRAM, SRAM, SDRAM and MRAM), By Non-Volatile Type (PROM, EPROM, EEPROM and Flash Memory), By Application, By Region, Competition, Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com‘s offering.

The Global Semiconductor Memory Market stood at USD110.30 billion in 2020 and is forecast to grow at a CAGR of over 7.02% by 2026 due to rising memory requirements in the gaming, automobile, healthcare and telecommunication sectors. The growth in the market can be attributed to new technological advancements in portable memory-based electronics in the forecast years.

The Global Semiconductor Memory Market can be bifurcated into type, volatile type, non-volatile type, application and region. On the basis of type, the market can be segmented as volatile and non-volatile, where the non-volatile segment held market share of 50.61% in 2020,

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Here’s Why Micron Technology Stock Jumped Today

What happened

Shares of Micron Technology (NASDAQ:MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The memory chip giant’s stock had risen as much as 7.1% in earlier trading.

So what

The midpoint of Micron’s revenue guidance was boosted from $5.2 billion to $5.73 billion. Gross margins are turning out to be wider than expected. Micron’s adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share. Analyst estimates were roughly in line with Micron’s guidance midpoints.

The new guidance figures work out to a 48% year-over-year earnings boost and revenue growth of approximately 12%.

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Now what

Micron’s surprisingly strong results rested mostly on huge demand from data center customers. This way, Micron taps into the rising demand for cloud-based services amid the

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One More Reason to Buy Micron Technology Stock

Micron Technology (NASDAQ:MU) investors are likely worried after the company announced that its business will take a hit on account of lower information technology (IT) infrastructure spending and restricted shipments to Huawei.

Management’s guidance for the current quarter was muted, sowing seeds of uncertainty about the direction the memory market might take in the coming months. But the memory specialist is sitting on lucrative tailwinds such as the growth of 5G wireless networks that could help the company regain its mojo. And now, Micron investors can count on another potential boost in the form of a rebounding PC (personal computer) market.

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Image source: Getty Images

The PC market is showing signs of life

PC sales have increased lately as the coronavirus pandemic has forced people to remain indoors, triggering a shift toward remote working and online education. According to Gartner, PC shipments in the third quarter

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